Arsenal have been handed some great news with reports emerging that Jack Wilshere is set to accept a new contract offer from the North London club despite being offered a pay cut.

The England international is due to be out of contract at the end of the season and would have been a big loss to Arsenal should he leave on a free transfer.

According to report garnered from the Telegraph, Wilshere look close to finally renewing his contract with Arsenal by putting pen to paper on a reduced wages to reflect his poor recent injury record, with Wilshere set to drop down to earning around £90,000 a week, though with the potential to still go back up to his current £110,000.

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Wilshere’s new deal contract would be more positive news for the fans after what turned out to be a reasonably strong January transfer window, with Arsene Wenger doing brilliantly well in replacing Alexis Sanchez, Olivier Giroud and Theo Walcott.

Pierre-Emerick Aubameyang and Henrikh Mkhitaryan were brought in at the Emirates Stadium, while the Frenchman also managed to tie down star playmaker Mesut Ozil to a new contract.

The England international joining Ozil in extending his stay at the Emirates would be another significant boost for Arsenal as they need to keep what remains of the core of his squad together.

With plenty of recent changes to the team, Arsenal’s stability is important for the Gunners as they start to plan for next season already.

Wilshere has always looked a top class performer when fit, and he’s shown this season that the worst of his injury issues seem to be behind him.